India's Paras Defence surges on optical systems pact with South Korea's Green Optics

Shares of Paras Defence and Space Technologies PRAF.NS jump 6.4% to 713.8 rupees after tie-up with South Korea's Green Optics 0015G0.KQ

Pact includes joint development, manufacturing, business development of optics & optical systems for space and defence applications

PRAF rose as much as 11.8% earlier in the session following the news

PRAF and rival ideaForge Technology IDEF.NS soared about 13% and 10%, respectively, since Middle East war broke out over the weekend, which boosted expectations of demand for drones

YTD, PRAF up nearly 5%, IDEF trims loss to 3.4%